The day on the markets opens with a new momentum after the Wall Street rally, supported by the hopes of a complete reopening of the Strait of Hormuz and the strength of technology stocks. Asian stock markets are running, with the Korean Kospi and Nikkei rising sharply, while futures are indicating a positive start for Europe too and a possible continuation of purchases in the United States. The prospect of aagreement on navigation in the Persian GulfDonald Trump said an agreement could be reached as early as Wednesday or Thursday, emphasizing that "a lot of progress" has been made in the negotiations. Iran and Oman are working to establish safe routes for ships to enter and exit, with Pakistan's diplomatic involvement and an indirect role for the United States. Meanwhile, US Central Command has clarified that the southern route of the Strait of Hormuz is already open to commercial traffic and that over a thousand ships have been assisted during transit in recent days. Secretary of State Marco Rubio and Treasury Secretary Scott Bessent confirmed the progress, while noting that a final agreement has not yet been reached.
The prospects of greater fluidity in maritime connections are pushing oil prices down furtherBrent crude is falling below $79 a barrel, while WTI is losing about 1% and hovering around $75. The scenario under consideration would involve ships entering through a route controlled by Iran and exiting along a corridor supervised by Oman.
Asia rally, Kospi and Nikkei lead buying
Le Asian bags They pick up the baton from the brilliant session on Wall Street. Seoul's Kospi gains about 3,7%, supported by the return of buying in technology and semiconductor stocks. Tokyo also strong, with the Nikkei up more than 3,6%, and Shenzhen also performing well, up 1,68%. Hong Kong remains just above parity, Sydney rises about 0,9%, and Mumbai hovers around yesterday's levels.
However, China's macroeconomic outlook offers less promising signs. RatingDog's services PMI fell to 50,4 in July from 54,1 in June, its lowest level since September 2024 and significantly below expectations. The reading remains above the 50-point threshold, but signals a sharp slowdown in domestic demand.
In the bond market, the yield on the 10-year Japanese government bond stands at 2,83%, while that on the 10-year Chinese government bond is hovering around 1,7%.
Wall Street updates its highs, tech takes center stage
The American session ended with new strong increases. The Dow Jones gained 1,71%, marking its fourth consecutive positive day, while the'S&P 500 closed trading at 7.737 points. Even brighter was the Nasdaq xnumx, up 3,32%. Technology stocks were the main drivers of the market. Palantir gained over 29%, Arm Holdings 17,39%, Marvell Technology 12,8% and Intel 10,84% of the stocks in the Dow Jones Industrial Average were Caterpillar, Cisco Systems, IBM, and Amgen.
However, not all the indications that arrived after the closure were favourable. SpaceX lost 7,4% in after-hours trading after announcing Investments rose to $18,4 billion in the second quarter. Also declining Amd, down 8,8% despite higher-than-expected profits, with the market unconvinced by the overall quality of the results.
I US futures However, they remain positive. The Dow Jones Industrial Average is up about 0,4%, the S&P 500 Index is up 0,47%, and the Nasdaq 100 futures are up 0,41%. The Russell 2000 Index is also positive, while the VIX Index is down.
Europe heads for a positive opening, Milan eyes 54 points
Indications from derivatives anticipate a European stock markets also start on the riseThe Dax futures index gained about 0,7%, the Cac 40 futures index gained 0,4%, and the FTSE 100 contract gained 0,3%. The Euro Stoxx 50 index gained 0,45%.
The Business Square is preparing to start with a positive sign. The FTSE MIB futures are up about 0,45% and are moving in the 53.959 point area. close to the 54 mark.
